‘Why UK Investors are Keen on Renewable Energy Opportunities in Nigeria’

Ashutosh Shastri, a renowned expert in energy and climate policy, has shared insights on UK investors' interest in renewable energy opportunities in Nigeria. Previously, Shastri served as the Sherpa to the President of COP15 in Copenhagen, helping to advance energy transition discussions in Asia. To secure global climate finance, he advises that countries must assert their right to economic growth while clearly communicating the challenges in building the required energy system to reduce carbon emissions.

The Worshipful Company of Fuellers, a London-based livery company, plays a significant role in the UK climate capital ecosystem. It bridges the policy and financial communities, representing various aspects of the energy industry. Shastri believes that collaboration and initiatives like the Nigeria Climate Investment Summit (NCIS) can advance the goals of the fuellers by engaging with Nigeria's energy transition progress.

UK investors are expected to explore opportunities such as renewable energy financing, project development, and professional support during NCIS and in Nigeria. Shastri anticipates engaging in actions that foster relationships with the financial, industrial, and policy communities in Nigeria, including exchanges, seminars, and workshops.

He also emphasizes the need for local industry-specific reforms and South-South cooperation to improve global climate political economy and increase capital flows to the Global South. Shastri envisions private capital and wealthy African investors as key players in mobilizing investments for transition projects.